Citi Plans 2026 Launch for Crypto Custody Services

Citi plans to offer crypto custody services by 2026, allowing the bank to hold digital assets like bitcoin and ether for clients.
The custody solution has been in development for two to three years, aiming to provide institutional clients with a regulated way to store crypto.
Citi's approach includes both internal development and exploring external partnerships for comprehensive custody tools.
The bank is also exploring stablecoin issuance, with tokenized deposits as an immediate focus.
Recent investments include Citi Ventures' backing of BVNK, a stablecoin payments startup, in collaboration with Visa.
The launch would position Citi among a select group of traditional financial institutions expanding into crypto infrastructure.